The move comes after shareholder meeting approved an updated restructuring plan that was disputed by one of the firm’s co-founders.
said Monday he had been removed from his position, weeks after a shareholder meeting approved an updated restructuring plan that was disputed by one of the firm’s co-founders.
“Yes, last week the Turkish Board of Directors, which consists of the sons of Getir founder Nazım Salur, terminated my duty – without any reason. I did not leave myself,” Gultakan told Reuters on Monday.Sources told Reuters that Batuhan Gultakan, chief executive since 2022, left his role, the latest twist in a struggle for control at Getir.
However, last month Mubadala said Getir’s independent directors had unanimously approved an “alternative transaction” proposed by the wealth fund, without detailing the plan.Getir was once valued at more than $10 billion but has been bruised by slower than expected demand. It agreed a restructuring plan with Mubadala, an Abu Dhabi state investment fund, in June.
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